Rental Property Investor · Windham, ME · Member since 2018 · 62 posts · 18 votes
I have a property that I am looking to purchase from an owner that is looking to sell the property quickly. I am not sure whether I will keep it and flip it or if I will wholesale it but I am hoping someone might have a good purchase and sale agreement that I could use that will allow me to assign the property if that’s the direction I decide to go. Any Maine real estate investors out there have a good contract I could use?
I have never had it questioned when I put “and/or assigns” on buyers line. Just tell your title company or attorney what you are doing and they can do both recordings for you if needed. You may have to pay transfer tax on your buy and your sell.
Ya, I agree and I’m not cheaping out. I needed it for a deal I had to put under that day. I did find one that will work but I’m now in the process of getting one from my lawyer so I’ll be ready for the next time. But thanks for the help.🙄